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Rubio says Iran talks far from a breakthrough as oil eases

CNBC reports Secretary of State Marco Rubio said Iran's demands are unrealistic, while oil fell after President Trump called further strikes highly unlikely if talks progress.

What's new
  1. New headline Was: “Rubio sees little hope of diplomatic breakthrough to Mideast deadlock amid 'outrageous' Iranian demands”
  2. Our desk filed its story

U.S. Secretary of State Marco Rubio said Sunday that talks with Iran were not close to a diplomatic breakthrough, as oil prices slipped Monday after President Donald Trump said further strikes were highly unlikely if negotiations advanced1.

Speaking with reporters in Florida before traveling to Paris for a G7 foreign ministers meeting, Rubio said Trump would prefer to solve the conflict diplomatically but that is not always possible1. CNBC reported Tehran had proposed shortening a timetable for restarting talks from seven days to two1.

"I wouldn't say we're on the verge of a breakthrough," Rubio said, adding that Iranian demands were in some cases "outrageous and ridiculous"1.

Trump, in a CNN interview before Rubio spoke, said a resumption of hostilities in the more than eight-month conflict was unlikely if talks to constrain Iran's nuclear program and reopen the Strait of Hormuz progressed1.

Brent crude was down 0.75% at $97.58 a barrel by 5:25 a.m. ET Monday, and U.S. West Texas Intermediate futures for December delivery were 0.42% lower at $90.45, CNBC said1.

Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Monday that Tehran wants U.S. sanctions lifted and the war ended on all fronts before negotiations begin1.

Sources

  1. CNBCRubio sees little hope of diplomatic breakthrough to Mideast deadlock amid 'outrageous' Iranian demands